your notion that stop losses limit losses is a fallacy. shows you are just a conventional thinker and convention is not always right.
reason.... you are not getting a stop loss for free. there is a price to pay. a stop loss means you have lost - margin and commission.
here is an intriguing style of reasoning....
a tight stop loss gets hit more often but less price is paid.
a wider stop loss gets hit less often but more price is paid.
so really both tight and wider stop losses give you the same " protection".
next....
lets extend the wide stop loss to an infinitely wide stop loss, and still you get the same "protection". (hey since tight and wide is the same right ? so lets make the wide really really wide.)
an infinitely wide stop loss is really NO STOP LOSS.
- Forums
- ASX - By Stock
- mcp down, does mean today lyc up?
your notion that stop losses limit losses is a fallacy. shows...
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.28 |
Change
-0.130(2.03%) |
Mkt cap ! $5.879B |
Open | High | Low | Value | Volume |
$6.31 | $6.34 | $6.27 | $2.815M | 447.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 10783 | $6.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.29 | 18987 | 61 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 12707 | 6.280 |
18 | 29140 | 6.270 |
14 | 29615 | 6.260 |
16 | 12363 | 6.250 |
8 | 24809 | 6.240 |
Price($) | Vol. | No. |
---|---|---|
6.290 | 16484 | 57 |
6.300 | 29403 | 35 |
6.310 | 25478 | 18 |
6.320 | 9587 | 14 |
6.330 | 22715 | 8 |
Last trade - 11.28am 10/07/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online